Canadian Finance, Economics and Fiscal Analysis
With the calamity hitting the preferred shareholders of Dundee Corp (of which I narrowly escaped), I have long noticed that their spinoff corporation, DREAM Unlimited (TSX: DRM) has a similar situation going on with their own preferred shares. You will have to dig through SEDAR and look for a May 31, 2013 document that is … Continue reading “Dream Unlimited Preferred Shares”
It was announced today that Dundee REIT (TSX: D.UN) and H&R Reit (TSX: HR.UN) will be purchasing 2/3rds and 1/3rd, respectively, the Scotiabank headquqarters in Toronto, for a price of $1.266 billion. This was a classic sale-and-leaseback transaction by Scotiabank. The salient press release is here. Specifically, this line caught my attention: Highlights: Going-in capitalization … Continue reading “REITs and leverage”